AdvanSix Inc (ASIX)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,594,920 | 1,510,240 | 1,477,950 | 1,467,980 | 1,542,800 | 1,476,450 | 1,467,010 | 1,448,820 | 1,495,330 | 1,455,530 | 1,483,260 | 1,457,120 | 1,312,000 | 1,290,360 | 1,245,320 | 1,242,780 | 1,263,410 | 1,235,130 | 1,286,000 | 1,263,310 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,594,920K
= 0.00
The debt-to-assets ratio of AdvanSix Inc has consistently been 0.00 for each quarter from March 31, 2020, to December 31, 2024. This indicates that the company has been financing its assets primarily through equity rather than debt during this period. A debt-to-assets ratio of 0.00 implies that the company has no debt in relation to its total assets, which could reflect a strong financial position with lower financial risk. By not relying on debt for asset financing, AdvanSix Inc may be able to maintain financial stability and potentially have more flexibility in managing its operations and investments.
Peer comparison
Dec 31, 2024